Military Satellite Market to Grow at 5.70% CAGR to 2020 Driven by Increased Demand for Electro-Optical Imaging Systems

Thursday, June 9th, 2016

The military satellite market report analyst says a trend which will boost market growth is the emergence of inflatable SATCOM antennas. Technological advancements in antenna and satellite technology, along with nimble and high-capacity global networks, have brought military forces into the limelight. The emergence of inflatable SATCOM antennas, designed for ground military use in remote areas and harsh weather is one such significant development.

According to the report, a key growth driver is the increasing demand for electro-optical imaging systems. Advanced image-enhancing equipment such as high-resolution cameras and advanced remote-sensing technology have improved the quality of satellite-based Earth observation images. Such equipment offers a single internet access point to all the users to obtain EO data from existing databases as well as from the new up-to-date portals. Thus, users from various domains can access the information directly.

Military satellites are used for conventional missions such as intelligence gathering, navigation, and military communications. These are computer-controlled systems that perform thermal control, telemetry, power generation, attitude control, and orbit control. These data are used for several applications such as agriculture, water resources, urban development, mineral prospecting, environment, forestry, border and maritime security, drought and flood forecasting, and ocean resource and disaster management. By 2012, 6,600 satellites had been launched, of which 1,000 were operational.

The report, Global Military Satellite Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The report covers the present scenario and the growth prospects of the global military satellite market for 2016-2020. The market is divided into the following segments based on geography: Americas, APAC, EMEA.

Further, the report states that one challenge that could hamper market growth is the cost associated with satellite launches.

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